Wouldn't it be better if mastercard directly or via the issuing bank gives the customer an option to revoke permission to auto-charge based on vendors or set limits on how much each vendor can charge during a 30 days period?
It's a critical tool for managing your finances.
Nobody in the space is batting for you, btw. Just pick your poison. I once used a bank that would reorder by purchases to maximize their $35 overdraft fees.
> A Pew Charitable Trusts report from December 2016 said that, at that time, more than 40 percent of banks in the U.S. shuffle transactions to maximize overdraft fees.
The fact that you and I both can come up with examples where Paypal sucks (like account freezing) is only evidence for how bad US financial services are where people like me still gleefully use Paypal.
And the authorized billing system is one thing Paypal got right.
(One of) their current scam(s) has gotten a bit cleverer in that they don't actually break the law themselves but rather just induce their customers to commit check fraud - if you receive a check drawn on Bank of America and present it in person at one of their branches, they won't honor it for the full amount!
I've been using PayPal for like 15 years and I've never had a problem with it. "Until you do" is not an acceptable answer to my question. Things work until they don't, that's not a reason not to use them.
As far as I know, PayPal have no history of stealing money from linked cards.